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obama wins. clearly he ran on raising tax or raising revenue from the top 2%. center piece. republicans are not stupid. they sort of understand that. so they went through a process the day after boehner said revenues but not rates, and some began to drift over, okay, rates, so you have had movement, until friday or yesterday, thursday, when tim geithner goes up there and delivers an ultimatum which is a chest thumping stick in the eye to the republicans. and all the migration suddenly stops and suddenly they get outraged apt are. and so they are back, they are going back to where grover norquist wants them to be because they are outraged because they feel they have been insulted is, that this is not a negotiation t a war. i think what had yesterday from the administration was a bit of negotiation incompetence because they pushed us, the psychological process the republicans were going through, which they have to go through has to be has been pushed way back. >> where do you think we are. >> i'm not quite clear as dire in my assessment as david. first of all, david is absolut
obama wins. clearly he ran on raising tax or raising revenue from the top 2%. center piece. republicans are not stupid. they sort of understand that. so they went through a process the day after boehner said revenues but not rates, and some began to drift over, okay, rates, so you have had movement, until friday or yesterday, thursday, when tim geithner goes up there and delivers an ultimatum which is a chest thumping stick in the eye to the republicans. and all the migration suddenly stops and...
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Dec 1, 2012
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obama argued that if congress can't get a deal, taxes will rise about $2,000 average for a family. of coal you get for christmas, that is a scrooje christmas. >> let's not kid ourselves. >> reporter: house speaker john boehner balked. >> increasing tax rates draws money away from the economy that needs to be invested in the economy to put people back to work. it is the wrong approach. >> reporter: bolder by his re-election, and criticized for being soft on republicans in the past, he drew a hard line, including $1.6 trillion in revenues, $600 billion in additional spending cuts, about half in medicare, and at least $50 billion infrastructure spending. >> we don't want to increase tax rates, we're not going to increase tax rates. and we want to do something about the spending problem. >> reporter: aides say senate minority leader mcconnell laughed after tim geithner showed him the offer thursday. today, confl republican goals remain the same, they say, serious entitlement reform, including higher premiums for the wealthy, and increases in the eligibility wage, with the clock ticking
obama argued that if congress can't get a deal, taxes will rise about $2,000 average for a family. of coal you get for christmas, that is a scrooje christmas. >> let's not kid ourselves. >> reporter: house speaker john boehner balked. >> increasing tax rates draws money away from the economy that needs to be invested in the economy to put people back to work. it is the wrong approach. >> reporter: bolder by his re-election, and criticized for being soft on republicans in...
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president obama took his case on the road today. he told people at a toy factory in pennsylvania he will insist on keeping tax rates where they are for middle income families and raising them for the wealthy. >> in washington nothing's easy. so yeah there's going to be so prolonged negotiations. and all of us are going to have to get out of our comfort zones to make that happen. >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. >> john baner says negotiations are going as he put it almost nowhere. without an agreement. hundreds of billions of dollars in tax increases take effect in january. >> if the fiscal cliff wasn't enough there's another problem that threatens to suck billions of dollars out of the economy. the california labor dispute that may need a nudge from the president. >> great news for anybody with about 26.2 miles of outdoor activity planned for the weekend. the weather may get worse. >> we have a lot mor
president obama took his case on the road today. he told people at a toy factory in pennsylvania he will insist on keeping tax rates where they are for middle income families and raising them for the wealthy. >> in washington nothing's easy. so yeah there's going to be so prolonged negotiations. and all of us are going to have to get out of our comfort zones to make that happen. >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put...
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Dec 1, 2012
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that's a scrooge christmas. >> president obama in a factory outside philadelphia today, pushing his financial plan. make no mistake, it's all about your tax bills and if washington can make a deal before you start paying more. with me is democratic strategist marjorie cliften and gerri jacobus. welcome to you both. listening to john boehner today and the president, it's pretty clear there's no deal anywhere near being settled here. i don't know about you, i'm just getting really bored with it. why don't they just get round a table and get it done? let me start with you gerri. >> i think the president going to pennsylvania to the tinker toy plant on a campaign stop essentially is probably not going to go over as well as he thinks it does, particularly since we thought we were done with that. we just went through it a few weeks ago. thought campaign stops were over and he inflicts this on us again. the american people expect him to sit down with the republicans in congress and work this out. now, a year ago or so, last year, he agreed to $800 billion in tax hikes. that's kind of where the numbe
that's a scrooge christmas. >> president obama in a factory outside philadelphia today, pushing his financial plan. make no mistake, it's all about your tax bills and if washington can make a deal before you start paying more. with me is democratic strategist marjorie cliften and gerri jacobus. welcome to you both. listening to john boehner today and the president, it's pretty clear there's no deal anywhere near being settled here. i don't know about you, i'm just getting really bored...
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taxes low. the senate has already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. if we can just get a few house republicans on board, i'll sign this bill as soon as congress send it my way. but, it's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the wealthiest americans. >> in the republican response, senator orrin hatch takes that hostage metaphor one step further and brings to mind a memorable movie scene. >> unfortunately, some on the other side of the aisle are advocating a disastrous thelma and louise strategy that would take us over the cliff putting families and small businesses and weak economy in further jeopardy. >> negotiations will continue on capitol hill next week. president obama has said he wants to get a deal done by christmas day. >>> well, tragedy on the campus of caspar college in wyoming where police say
taxes low. the senate has already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. if we can just get a few house republicans on board, i'll sign this bill as soon as congress send it my way. but, it's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the wealthiest americans. >> in the republican response, senator orrin...
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Nov 30, 2012
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president obama has thrown down the gauntlet on taxes and while the gop is stomping its feet at making the wealthy to pay a bit more, he's making his pitch to the people. at a toy factory today, he warned them to play nice. >> joe biden was in costco. he wanted to buy some of this stuff. but i told him he had too much work to dochl i wasn. i told him he wasn't going to build roller coasters all day long. of course, santa delivers everywhere. i've been keeping my own naughty and nice list for washington. so you should keep your eye on who gets come kinects this year. there are going to be some members of congress who get them and some who don't. >> what sort of plan do you give the republican who won't agree with anything? this one, of course. the president is asking for a $1.6 trillion tax increase, $50 billion in economic stimulus, and the power to raise the debt limit without congressional approval. meanwhile, he will work the fine savings in entitlements. not to the man sitting on the naughty list. senator mcconnell said that he burst into laughter at the proposal. you know what is
president obama has thrown down the gauntlet on taxes and while the gop is stomping its feet at making the wealthy to pay a bit more, he's making his pitch to the people. at a toy factory today, he warned them to play nice. >> joe biden was in costco. he wanted to buy some of this stuff. but i told him he had too much work to dochl i wasn. i told him he wasn't going to build roller coasters all day long. of course, santa delivers everywhere. i've been keeping my own naughty and nice list...
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and urge lawmakers to pass a tax cut extension for the middle cl. house speaker jo >>> president obama went to a toy making factory in a philadelphia suburb to sell his pitch and urged lawmakers to pass a tax cut extension for the middle class. house speaker john boehner says the president's proposal would be a blow to the economy. if a compromise isn't reached soon automatic tax hikes and steep budget cuts will kick in january 1. >>> and as budget talks continue little changed on wall street today. the dow closed with a 4 point game. the nasdaq lost 2. s&p 500 edged up less than a point. >>> anthem blue cross was first. now several other health insurers jumping on board with their own proposed double-digit rate hikes. cbs 5 consumerwatch reporter julie watts says, critics say that the move is a preemptive strike to raise the rates before healthcare reform kicks in. >> a 25% increase. i felt like i had been kicked in the stomach. >> reporter: a healthcare provider herself, pediatrician jan feels helpless. her individual blue cross health insurance p
and urge lawmakers to pass a tax cut extension for the middle cl. house speaker jo >>> president obama went to a toy making factory in a philadelphia suburb to sell his pitch and urged lawmakers to pass a tax cut extension for the middle class. house speaker john boehner says the president's proposal would be a blow to the economy. if a compromise isn't reached soon automatic tax hikes and steep budget cuts will kick in january 1. >>> and as budget talks continue little...
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president obama is calling for $1.6 trillion in tax spikes. john boehner is telling him to get serious. >> with 32 days left, the two parties are trading insults with 90% of americans facing higher taxes next year. small business owners want answers. poppy harlow is talking to them. they are very nervous about this. >> very nervous and frustrated. they have no idea what is ahead. that uncertainty is the hard part. we went to new jersey to talk to owners of very different businesses that are equally frustrated that washington can't get it together. >> any company, any business did the method of accounting like the government, we would be in jail. >> you sound like you have had it. >> i have. here is the reservations. staffed 24 hours a day. >> reporter: he started the business back in 1984. today, he's got a staff of 75. 53 cars and one big question. >> i just want congress to tell me to come up with what the boundaries are so i know -- i know how to run my business, i know how to plan. >> reporter: he's laid off four employees in the last six
president obama is calling for $1.6 trillion in tax spikes. john boehner is telling him to get serious. >> with 32 days left, the two parties are trading insults with 90% of americans facing higher taxes next year. small business owners want answers. poppy harlow is talking to them. they are very nervous about this. >> very nervous and frustrated. they have no idea what is ahead. that uncertainty is the hard part. we went to new jersey to talk to owners of very different businesses...
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. >> obama: if congress does nothing every family in member will see their taxes automatically go up at the beginning of next year. >> stephanie: so what is your guess? >> you say that like it's a bad thing. >> stephanie: what is your guess on how this is going to play out and when. >> i think republicans are going to blink. i think they have to. but i was talking to the other somebody the other day and they said do you think the president should be campaigning around the country? it's about time. he should be out there on the stump just like the campaign, and that's when he's at his best, and that's when the republicans are on the ropes. >> stephanie: it's a different reality now. despite what they have to say they always have something to to say that is the same thing. are you okay? you're giving me that look. >> i got a late start on the stream because i was running around looking for headphones. >> stephanie: here is the president again. >> obama: again i'm asking congress to listen to people who sent us here to serve. i'm asking americans all across the country to make your voic
. >> obama: if congress does nothing every family in member will see their taxes automatically go up at the beginning of next year. >> stephanie: so what is your guess? >> you say that like it's a bad thing. >> stephanie: what is your guess on how this is going to play out and when. >> i think republicans are going to blink. i think they have to. but i was talking to the other somebody the other day and they said do you think the president should be campaigning...
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obama championed tax fairness and won. republicans championed protecting that 2%, ignoring the 47% he talked about, and they lost. today boehner said he's willing to raise revenues by the same amount he agreed to back in august of 2011, the last time they had this fight. again, he's willing to act like the election never happened. no wonder. again, he lost. joining me is joy reid of the grio and howard fineman of the "huffington post." joy, you're chuckling because it is weirdly true. it's almost like groundhog day, this guy, boehner, ice not a bad guy, but he's operating on a bad thought here. the election didn't happen. >> it's incredible. it's amazing watching john boehner reach for anything, simpson/bowles which, by the way, assumed that the tax cuts for the top 2% would be gone, but he forgets about that and bain ser trying to offer the same exact policies that mitt romney ran and lost on, that the republicans tried to negotiate with the white house. it is incredible. and the only way i can explain this, the only way
obama championed tax fairness and won. republicans championed protecting that 2%, ignoring the 47% he talked about, and they lost. today boehner said he's willing to raise revenues by the same amount he agreed to back in august of 2011, the last time they had this fight. again, he's willing to act like the election never happened. no wonder. again, he lost. joining me is joy reid of the grio and howard fineman of the "huffington post." joy, you're chuckling because it is weirdly true....
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and let's give tax cuts to the middle class. what is he talking about? this is about tax cuts. the president is saying, renew the payroll tax cut. give tax cuts to every dollar earned up to $250,000. i don't know what they're thinking, thomas. but obviously, they are putting it all on the line for the koch brothers and sheldon adelson who earn billions of dollars. they're selfish. and there's a group called patriotic millionaires who are saying please, please, tax us fairly. and here's the point. the president is saying to the millionaires and billionaires, we're just taking you back to the tax rates that you had when bill clinton was president. and i would like to remind everybody, we had the greatest prosperity then when everyone paid their fair share. 23 million new jobs. and why is it? because the middle class had the money to spend out there, to stimulate this economy. it's a consumer-driven economy. about 70% of the economy is consumer driven. and the other thing the president put on the table, i understand, is refinancing
and let's give tax cuts to the middle class. what is he talking about? this is about tax cuts. the president is saying, renew the payroll tax cut. give tax cuts to every dollar earned up to $250,000. i don't know what they're thinking, thomas. but obviously, they are putting it all on the line for the koch brothers and sheldon adelson who earn billions of dollars. they're selfish. and there's a group called patriotic millionaires who are saying please, please, tax us fairly. and here's the...
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. >>> coming up, new signs president obama's winning the tax fight. news today could strengthen his hand against speaker boehner. >>> plus, karl rove hasn't learned a thing is since its infamous air meltdown. why is he questioning polls again? >>> and a very special guest is here with me tonight. we have a gold medal winner onset. gabby douglas live in the studio. her story of sacrifice inspired a country. you're watching "politicsnation" on msnbc. initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >>> have you joined the "politicsnation" conversation on facebook yet? we hope you will. today our fans were buzzing over the newly released photo of the president on the phone with mitt romney as he conceded to him on election night. he have len says, the president was probably so glad it was over so that he could get back to working for our country. david says, he must have be
. >>> coming up, new signs president obama's winning the tax fight. news today could strengthen his hand against speaker boehner. >>> plus, karl rove hasn't learned a thing is since its infamous air meltdown. why is he questioning polls again? >>> and a very special guest is here with me tonight. we have a gold medal winner onset. gabby douglas live in the studio. her story of sacrifice inspired a country. you're watching "politicsnation" on msnbc....
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president obama try this and saying there is no deal without tax hikes on the ridg with more on this,republican congresswoman dianne black of tennessee. welcome to the show. great to have you. i have to askyou aout this story that has been reaking this atrnoon. apparently the president will meet with what they're calling progressive tlk-sw hst i think this is a lot of tlent. it will parade through the white house. the president will sit down with them. are u getting the sense here that maybe the president is meeting with a few too many ople? should we stet the job on the fiscal cliff? >> i could not agree more. felt verydiscouraged the presidet this been more time c campaning thathe did of the begiing of his campaign. we need to have serious negotiations. we need our leaders, and the president was elected by the people. he needs to sit down now and the leader along with ourleaer, the speaker, and talk seriously about these plans. gerri: small busess, big business. the governor. who is lef for t predent to talk to? >> well, we also founthat the president was out at various bunesses en
president obama try this and saying there is no deal without tax hikes on the ridg with more on this,republican congresswoman dianne black of tennessee. welcome to the show. great to have you. i have to askyou aout this story that has been reaking this atrnoon. apparently the president will meet with what they're calling progressive tlk-sw hst i think this is a lot of tlent. it will parade through the white house. the president will sit down with them. are u getting the sense here that maybe...
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that's what obama was debating. he said above 250 he stuck with that. the republicans said no, and that was a clear and defining statement in this campaign. >> if you feel they should pay taxes on $250,000, then you vote for me. if you don't then the vote for the republicans. >> there it is. >> i want to see how that translates into negotiations over the so-called fiscal cliff. but senator first the other issue that has come front and center, one that you've been spearheading for a long time, and you and i have talked about now senate president harry reid has to be on the agenda is filibuster reform. is it going to happen, and how do you think it's going to shape up? >> well, bill, i hope it happens. i hope we clearly see because of this dinosaur that we have. it's an old dinosaur hung around our next called the filibuster. not in the constitution. it's never really been in the senate. it's something of recent vintage. it really started back when the southern democrats wanted to stop civil rights, and the filibuster sprung up and it was used for that pu
that's what obama was debating. he said above 250 he stuck with that. the republicans said no, and that was a clear and defining statement in this campaign. >> if you feel they should pay taxes on $250,000, then you vote for me. if you don't then the vote for the republicans. >> there it is. >> i want to see how that translates into negotiations over the so-called fiscal cliff. but senator first the other issue that has come front and center, one that you've been spearheading...
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john boehner and president obama. david, i see you smiling down there. >> i was waiting for judd to jump in. he is the one that convinced me. >> ultimately, i think they have gotten more than they can handle. the revenue targets they need to reach, the spending targets they need to reach now are enormous, but if you look down the road, in particular at health care spending, given the discussion we had before, we can do everything we want to try to control health-care spending, but another way to help control health care spending is earmarked a value-added tax toward revenue which would have much was spent, how much people have to pay in taxes, it would eliminate their regressivity of that, and it would, using a pun, inoculate the deficit from uncertainty about health-care reform. health care reform will take a long time. it is more complicated than tax reform. we have had one major tax reform in the last 50 years, thanks to senator packwood and others. health-care reform is going to take a long time. we cannot wait to
john boehner and president obama. david, i see you smiling down there. >> i was waiting for judd to jump in. he is the one that convinced me. >> ultimately, i think they have gotten more than they can handle. the revenue targets they need to reach, the spending targets they need to reach now are enormous, but if you look down the road, in particular at health care spending, given the discussion we had before, we can do everything we want to try to control health-care spending, but...
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if you take president obama's tax increases, $82 billion a year. that doesn't even run -- that barely runs the post office for a year, much less the federal government. so there's not enough money there. you have to deal with into it with elements if you ever want to get this under control. simon keeps saying that the democrats are not intransgem. this is a letter signed by 33 senate democrats saying no changes to social security at all, ever, under any deal. megyn: even future. >> future. and year-end future. the democrats are absolutely intransigent on entitlements, this is what they're secretly saying to their supporters, and that's why they're going to go off the cliff. megyn: simon raises points about the president's budget and proposed spending cuts, but we have not had a budget out of the democrat-controlled senate in more than three years now. he wasn't able to get a vote -- >> i bet the democrats vote that one down too, like the last one. megyn: we'll see what happens. we're only in december. thanks, guys. >> thanks, megyn. megyn: coming u
if you take president obama's tax increases, $82 billion a year. that doesn't even run -- that barely runs the post office for a year, much less the federal government. so there's not enough money there. you have to deal with into it with elements if you ever want to get this under control. simon keeps saying that the democrats are not intransgem. this is a letter signed by 33 senate democrats saying no changes to social security at all, ever, under any deal. megyn: even future. >>...
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president obama trying to argue the republican plan wouldn't work suggested that the g.o.p. would eliminate charitable deductions altogether. >> if you eliminate charitable deductions, ever hospital and university and non-for profit agency, across the country would find themselves on the verge of collapse. >> destroying every charity in the country as a powerful political argument no republican plan to eliminate the charitable deductions. oddly enough the president himself long favored capping deductions at 28%. also in his current budget. >> a different way to do that, that would raise $600 billion over ten years. >> analysts say that 50 $50,000 cap the g.o.p. suggested would raise more than that. some $750 billion. the arguement that limiting deductions would hurt charities was dismissed by mr. obama himself back in 2009. >> i think this was a good idea. a realistic way for to us raise revenue from people who benefited enormously in the last several years. >> making the wealthy pay is not the focus of the charitable community. it fear money charity would have received in d
president obama trying to argue the republican plan wouldn't work suggested that the g.o.p. would eliminate charitable deductions altogether. >> if you eliminate charitable deductions, ever hospital and university and non-for profit agency, across the country would find themselves on the verge of collapse. >> destroying every charity in the country as a powerful political argument no republican plan to eliminate the charitable deductions. oddly enough the president himself long...
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obama's opening bid includes $1.6 trillion in new revenue. half from higher rates in the wealthy. cuts in medicare and $50 billion in new infrastructure spending. when tim geithner laid out the plan for mitch mcconnell, aides on both sides said mcconnell burst out in laughing. house republicans offered a somber assessment. >> this is not a game. >> it was not a serious proposal. and right now, we're almost nowhere. >> reporter: lester, there is the inside game in washington and the outside game of public pressure that the president is trying to apply. he continues both of those this week. he meets with governors at the white house and more business ceos trying to get congress to move the votes in the house of representatives and get something done before january 1st. lester. >> mike, thanks so much. >>> still to come, charges dismissed against the u.s. open tennis ref who is accused of killing her husband. why the court decided to drop the case. >>> and discount prices too good to be true. we will tell you more after these messages. ♪ ♪ [ girl ] dear santa... ♪ dear santa, i
obama's opening bid includes $1.6 trillion in new revenue. half from higher rates in the wealthy. cuts in medicare and $50 billion in new infrastructure spending. when tim geithner laid out the plan for mitch mcconnell, aides on both sides said mcconnell burst out in laughing. house republicans offered a somber assessment. >> this is not a game. >> it was not a serious proposal. and right now, we're almost nowhere. >> reporter: lester, there is the inside game in washington...
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do you believe president obama and the republics will reach budget deal before automatic tax increases are triggered? do you believe that will happen? yes or no. next the factor at this point of the day. a nice christmas gift that will cost you nothing. nothing. the tip 60 seconds away. >> the factor tip of the day. in a moment, a great christmas gift that costs nothing. just a few more days until we have to stop. if you buy any of my three best sellers, i can sign them for you but just until monday because we have so many orders. signed books make unforget i can't believe gifts and they're not expensive so you become a premium member, they're less expensive because you get any one of those books free of charge, your choice. check out mugs and other gear which make folks happy. the mail. bill, please, no more federal gun laws. these are local and state issues. i get a lot of mail like that, james. i disagree with you. the feds have an agency investigating farm violations and the states don't have the resources to support mandatory prison terms and gun toting criminals. the feds should
do you believe president obama and the republics will reach budget deal before automatic tax increases are triggered? do you believe that will happen? yes or no. next the factor at this point of the day. a nice christmas gift that will cost you nothing. nothing. the tip 60 seconds away. >> the factor tip of the day. in a moment, a great christmas gift that costs nothing. just a few more days until we have to stop. if you buy any of my three best sellers, i can sign them for you but just...
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do you believe president obama and the republics will reach budget deal before automatic tax increases are triggered? do you believe that will happen? yes or no. next the factor at this point of the day. a nice christmas gift that will cost you nothing. nothing. the tip 60 seconds away. of equally impressive instructions ? shouldn't something that's truly advanced, not need much explanation at all ? with the nokia lumia 822 on verizon, there's not much to learn because it's powered by windows... to let you do more than you ever imagined on your smartphone. exclusively with data sense-- a feature that makes the most of your plan. only on verizon. [ male announcer ] how could switchgrass in argentina, . request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> the factor tip of the day. in a moment, a great christmas gift that costs nothing. just a few more days until we have to stop. if you buy any of my three best sellers, i can sign them for you but just until monday because we have so many orde
do you believe president obama and the republics will reach budget deal before automatic tax increases are triggered? do you believe that will happen? yes or no. next the factor at this point of the day. a nice christmas gift that will cost you nothing. nothing. the tip 60 seconds away. of equally impressive instructions ? shouldn't something that's truly advanced, not need much explanation at all ? with the nokia lumia 822 on verizon, there's not much to learn because it's powered by...
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president obama rejected speaker boehner's $2.2 trillion plan saying there's no deal without tax hikes for the wealthy. in an interview with bloomberg news warned about gamesmanship hurting the economy. >> i think america is poised to take off. and the question is, let's make sure we don't have a self-inflicted wound because there are silly games played up on capitol hill. >> let's bring in our wednesday gaggle. non-dcors. i'm curious what you think. nancy gibbs, deputy managing editor for "time" magazine and director editor of msnbc david wolfe. he's a new yorker now. eroll, let me start with you. watching what we're doing down in washington, does anybody outside of washington care? >> very much so. very much so. >> new york is paying attention because of all you wall street people. >> wall street and the defense cuts. there's a lot riding on it and a lot as far as people's preferences. the state votes for the president, the state votes for a president who said he was going to do certain things. you sort of wanted to see him at least get it done, get a clear up and down vote on it. >>
president obama rejected speaker boehner's $2.2 trillion plan saying there's no deal without tax hikes for the wealthy. in an interview with bloomberg news warned about gamesmanship hurting the economy. >> i think america is poised to take off. and the question is, let's make sure we don't have a self-inflicted wound because there are silly games played up on capitol hill. >> let's bring in our wednesday gaggle. non-dcors. i'm curious what you think. nancy gibbs, deputy managing...
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president obama said today there is a time and a place to discuss reforming the tax code. but that time is not now. >> what i've suggested is let's put a down payment on taxes, let's let tax rates on the upper income folks go up. let's let those go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform. we look at what loopholes and deductions both democrats and republicans are willing to close. and it is possible that we may be able to lower rates by broadening the base at that point. >> joining me here in washington are congressman tim walls, democrat from minnesota, and karen finney, the former dnc director and msnbc analyst. you introduced today in the house a discharge petition which is a way for normally the minority to try to get, to force a vote on something that the leadership doesn't want. this petition would basically bring to a vote in the house the bill that the senate passed, which is basically the president's version of the tax structure that he would like to see. what's happening with the d
president obama said today there is a time and a place to discuss reforming the tax code. but that time is not now. >> what i've suggested is let's put a down payment on taxes, let's let tax rates on the upper income folks go up. let's let those go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform. we look at what loopholes and deductions both democrats and republicans are willing to close. and it is possible that we...
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they want to raise the marginal tax rates for the upper earners of america. they are willing to allow a deal to lapse rather than have the tax rate rise. connell: maybe there is not a deal taking shape. they could say something like, we will raise these rates, but instead of $250,000, it has to be $500,000 or $1 million. there are ways to play a round with this. >> i think the republicans would lose, frankly, being the majority in the house. if they go ahead and give the president and democrats what they want, speaker banners speakership could be in trouble. dagen: democrats, for the most part, on the social security issue said, no, that is not happening. >> it seems to be the holy grail for the democrats. i do not think they are willing to do it. dagen: you have to get over 500 or something like that. >> i think they are more willing to make a deal on medicare than they would on obamacare. connell: force social security, like you said. dagen: and the president's plan, they want more stimulus spenddng. long-term unemployment benefits. >> these do not work. wh
they want to raise the marginal tax rates for the upper earners of america. they are willing to allow a deal to lapse rather than have the tax rate rise. connell: maybe there is not a deal taking shape. they could say something like, we will raise these rates, but instead of $250,000, it has to be $500,000 or $1 million. there are ways to play a round with this. >> i think the republicans would lose, frankly, being the majority in the house. if they go ahead and give the president and...
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under the obama plan did not receive the full benefit of the bush tax cuts. that is just a fat. if your income is over 500,000, you got the rate. as a product of a very bizarre rate structure. congress was quite cognizant of that rate structure when they enact their 2001 act and decided not to change it because it had the impact of making that tax cut look less unaffordable than it actually was. >> host: dennis, blatant, yutaka and independent caller. >> caller: good morning. i have a question for mr. buckley. i think it's a no-brainer. whenever any of my expenses went up, taxes included for taxes that were levied on one of my suppliers for anything under the expenses, i would turn around and up the cost of whatever i was doing to my customer and it seems to me that whatever the tax increase is to businesses, small, medium or large, unless the philosophy has changed a whole lot, they will turn around and pass the extra expenses onto their customers who would even middle-class. has this occurred to anyone who is making all these plans yet? i will take my answe
under the obama plan did not receive the full benefit of the bush tax cuts. that is just a fat. if your income is over 500,000, you got the rate. as a product of a very bizarre rate structure. congress was quite cognizant of that rate structure when they enact their 2001 act and decided not to change it because it had the impact of making that tax cut look less unaffordable than it actually was. >> host: dennis, blatant, yutaka and independent caller. >> caller: good morning. i have...
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obama for america is using its campaign e-mail list to put pressure on lawmakers to extend the bush tax cuts for the middle class. the latest from stephanie cutter includes a two-minute video reminding voters that the president campaign and won on that same platform. >> obama: we need to give tax relief to working families trying to raise their kids to keep them healthy send them to college, keep a roof over their heads. that's the choice in this election. >> the administration is still asking you to send in stories about what being able to keep about $2,000 more a year means to you and your family. the president is planning to meet with state governors this week and the business roundtable, a big business lobbying group. this morning fiscal cliff negotiations appear to be at a stand still. treasury secretary tim geithner says the president's offer is unwavering. we're going to let tax rates go up for top earners and republicans will have to work with that reality. >> there is no responsible way we can govern this country with those low rates in place for future generations. those rates
obama for america is using its campaign e-mail list to put pressure on lawmakers to extend the bush tax cuts for the middle class. the latest from stephanie cutter includes a two-minute video reminding voters that the president campaign and won on that same platform. >> obama: we need to give tax relief to working families trying to raise their kids to keep them healthy send them to college, keep a roof over their heads. that's the choice in this election. >> the administration is...
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mainly because president obama stood up for the middle class and said, when it comes to taxes, we all have to pay our fair share; no more, no less. so when you tell your friends that the president wants to give you your tax cut, you should tell them also it's being held up by the republicans in congress who are sitting on a bill that passed july 25, 2012. 98% of the american people will get their tax break continued, and only income over $250,000 will be taxed at the same rates when bill clinton was president. let's take a look back at those days. were they harsh for people? no. we had more millionaires created, i remember, in those days than we had in generations. you know why? because when the middle class is strong and he invested in the middle class, he invested in our people, they get good jobs, they pay enough taxes, they go to the mall, they make -- they take a trip across the country to see all the great landmarks, and people across this country who have businesses do well. that's why we see so many business people, including small business people, standing at president obama'
mainly because president obama stood up for the middle class and said, when it comes to taxes, we all have to pay our fair share; no more, no less. so when you tell your friends that the president wants to give you your tax cut, you should tell them also it's being held up by the republicans in congress who are sitting on a bill that passed july 25, 2012. 98% of the american people will get their tax break continued, and only income over $250,000 will be taxed at the same rates when bill...
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president obama gave republicans an early christmas gift. his budget proposal. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st, that's a scrooge christmas. >> and republicans aren't going to be returning to gift as taxing and spending climbs off the fiscal cliff is inevitable. and secretary of state susan rice, the ambassador still getting a ton of support from the white house, but benghazi it seems may not be the only blemish on her record. we'll tell you the only one. >> clayton: plus, baby jesus benched and frost if i the snowman, i don't remember him at the nativity. and "fox & friends" hour four, are we in hour four already? time flies when there's food around. ♪ >> welcome to "fox & friends," everybody, december 1st, which means there's an elf on the shelf loose in my house. >> clayton: i've got up on the shelf. >> dave: first appears on december 1st. >> clayton: what's the appeal of elf on the shelf, and keep the kids in line. >> dave: the elf comes from the the nor
president obama gave republicans an early christmas gift. his budget proposal. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st, that's a scrooge christmas. >> and republicans aren't going to be returning to gift as taxing and spending climbs off the fiscal cliff is inevitable. and secretary of state susan rice, the ambassador still getting a ton of support from the white house, but benghazi it seems may not be the...
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the obama plan has half from tax increases versus about 20% in the boehner plan. these are philosophical differences. boehner would cut much more. obama's view is we've cut so much from that already we have to be careful how much more we cut. >> when you talk about discretionary spending cuts, a big difference between defense cuts and domestic cuts. does it go after defense spending the way he has? >> he hasn't spelled it out yet. we don't know. r&d, a lot of investment programs we think we need to keep this economy growing. >> can i ask a question? what makes up the difference between the bowles-simpson proposals and the other ones? why is that so much higher? what are they leaving out? >> there were more tax increases. it was light on entitlements. >> okay. >> where did bowles-simpson get the revenue. >> they eliminated a whole slaw and lowering rates and also a tax on gasoline. >> they let the bush tax cuts expire, right? >> initially they did and then were going to do tax reform. >> would they increase the taxes on the rich? >> yeah. >> they would? >> yes. >>
the obama plan has half from tax increases versus about 20% in the boehner plan. these are philosophical differences. boehner would cut much more. obama's view is we've cut so much from that already we have to be careful how much more we cut. >> when you talk about discretionary spending cuts, a big difference between defense cuts and domestic cuts. does it go after defense spending the way he has? >> he hasn't spelled it out yet. we don't know. r&d, a lot of investment programs...
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republicans to increase taxes on wealthier americans, after a show of bipartisanship. the president inviting mitt romney to the white house on thursday. with washington deadlocked, president obama reached out to his former rival, inviting mitt romney to lunch at the white house, aiming to put past differences to rest. >> i think that he's very interested in some of governor romney's ideas. >> reporter: romney arrived shortly after noon thursday. white house officials revealed few details about the lunch, saying only they ate white turkey chili, and the meeting lasted more than an hour, with governor romney congratulating the president on re-election. in the sole picture released by the white house, you can see the dining room where the men ate and boxing gloves. aides joked there were no punches thrown describing the encounter as friendly. >> i am happy to see this picture, it is good for the american people. >> reporter: a very different tone on capitol hill as fiscal cliff negotiations remain rocky. the president sent his top negotiator, treasury secretary tim geithn
republicans to increase taxes on wealthier americans, after a show of bipartisanship. the president inviting mitt romney to the white house on thursday. with washington deadlocked, president obama reached out to his former rival, inviting mitt romney to lunch at the white house, aiming to put past differences to rest. >> i think that he's very interested in some of governor romney's ideas. >> reporter: romney arrived shortly after noon thursday. white house officials revealed few...
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the obamas pushed the button to light up the big blue spruce. some 17,000 people were on hand last night for the 90th annual tree lighting ceremony. >>> police in springfield, massachusetts are on the lookout for a jogger who runs in the buff. they say people on their way to work wednesday morning reported a man, probably in his 50s, running without any clothes on. no shoes either. police say they're concerned about why he's doing it and that he's reportedly done it before. >>> a packed hour ahead on "early start," including breaking news out of japan. a tsunami warning in the same area where the big one hit as another earthquake strikes off the coast shaking buildings for minutes. >>> it can be one of the most exciting plays in football and one of the most dangerous. could kickoffs become a thing of the past to save players a future of pain? we'll talk about that with former linebacker chris draft. >>> and two weeks before christmas, is this portrait of christ weeping? first reporting for duty, south carolina right on cue, the twitter campaign
the obamas pushed the button to light up the big blue spruce. some 17,000 people were on hand last night for the 90th annual tree lighting ceremony. >>> police in springfield, massachusetts are on the lookout for a jogger who runs in the buff. they say people on their way to work wednesday morning reported a man, probably in his 50s, running without any clothes on. no shoes either. police say they're concerned about why he's doing it and that he's reportedly done it before....
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even if we did believe that president obama would dedicate new revenue from tax increases to help pay down the deficit -- and i don't believe that -- new revenue extracted from the top two brackets would only fund the government for about a week, a little less than a week. so that's clearly not the answer. when the president says well, we need to ask the wealthy to pay a little more, let's parse that for a second. you're not asking them to do it. if you pass the law, i.r.s. will come after you if you don't. so this is not a pleasant request. this is i.r.s. saying you have to pay more money to the united states government. and the president always likes to say a little more. well, it's not so little if your tax rate now goes up to almost 40%. if you're a small business man and you have got to pay 40% to uncle sam, you're probably not going to be able to grow your business. you might not be able to stay in business. you're certainly not going to be able to hire more people. so that's not little to them. it is little to funding the united states government. what the president says these
even if we did believe that president obama would dedicate new revenue from tax increases to help pay down the deficit -- and i don't believe that -- new revenue extracted from the top two brackets would only fund the government for about a week, a little less than a week. so that's clearly not the answer. when the president says well, we need to ask the wealthy to pay a little more, let's parse that for a second. you're not asking them to do it. if you pass the law, i.r.s. will come after you...
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the senate has already passed the centerpiece of president obama's offer. and his offer has always been the same. we are not going to go through the same thing we've gone through here for years where we lay out different ways to cut spending, and there's never any revenue. the president has made it very, very clear. we have already passed the president's proposal. that is to make sure that people making less than $250,000 a year are not burdened with $2,200 each after the first of the year. that passed in july. the house can take that up. there's already been -- every democrat in the house has agreed they will vote for that. we need only 25 or 26 republicans in the house to make life something that's stable for people making less than $250,000 a year. the presiding officer: the senator from arizona. mr. mccain: mr. president, could i ask my friend from maryland if he has spoken yet on the magnitsky portion of this bill? the presiding officer: the senator from maryland. mr. cardin: we have not yet gotten to the bill. i believe that we're prepared now to go t
the senate has already passed the centerpiece of president obama's offer. and his offer has always been the same. we are not going to go through the same thing we've gone through here for years where we lay out different ways to cut spending, and there's never any revenue. the president has made it very, very clear. we have already passed the president's proposal. that is to make sure that people making less than $250,000 a year are not burdened with $2,200 each after the first of the year....
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president obama playing fiscal cliff hardball this morning. he's telling republicans he will not agree to a deal that doesn't include a tax hike on the wealthiest americans, hardening his position on this. he'll be meeting with business leaders today. >>> later this morning, speaker john boehner meets with fellow house republicans. sources tell cnn gop leaders are looking for a way out. >> it turns out the barefoot recipient of boots by a new york city police officer was shoeless but guess what, not homeless. city officials say jeffrey hillman does have stable housing, an parm in the bronx. they say he's lived there rent-free for the past three years. but hillman regularly panhandles in times square. >> a former boy scout who says he was sexually abused is suing is the boy scouts of america. the lawsuit claims his former troop leader, thomas hacker was barred from the group in indiana in the 1970s but was able to rejoin as a volunteer in illinois in the 1980s. hacker was arrested in 1988, later convicted in the aggravated sexual assault of an
president obama playing fiscal cliff hardball this morning. he's telling republicans he will not agree to a deal that doesn't include a tax hike on the wealthiest americans, hardening his position on this. he'll be meeting with business leaders today. >>> later this morning, speaker john boehner meets with fellow house republicans. sources tell cnn gop leaders are looking for a way out. >> it turns out the barefoot recipient of boots by a new york city police officer was shoeless...
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president obama wouldn't sign such a bill. a understanand the american peot support it. that's in all the polls in the press this morning. the american people are tired of budget-busting giveway is to ths to the wealthiest 2%. the american people want a balanced deal. it must be higher taxes on the richest of the rich. republicans would be wise to keep that in mind as negotiations move forward. we're willing to compromise but we also will not consign the middle class to higher tax bills twill millionaires and billionaires avoid all pain. i've been told that the leader of the democrats in the house will file today a discharge petition asking the speaker to bring the bill to the floor. now, all democratic house members, as far as i know, every one of them will sign this discharge petition. mr. president, we have heard republicans who in the house are willing to move forward. if every democrat signs this, we'll only need about 25 republicans to join. now, the american people should see that picture. with 25 republican votes -- 25 republican votes -- the middle class of amer
president obama wouldn't sign such a bill. a understanand the american peot support it. that's in all the polls in the press this morning. the american people are tired of budget-busting giveway is to ths to the wealthiest 2%. the american people want a balanced deal. it must be higher taxes on the richest of the rich. republicans would be wise to keep that in mind as negotiations move forward. we're willing to compromise but we also will not consign the middle class to higher tax bills twill...
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house republicans say there will be no deal if tax ritz go up and the obama administration says it's ready to go thelma and louise style over the cliff on january 1. if that's the case, wendell goler live at the white house with what we know is going on behind the scenes. anything happening? >> steve, the president and house speaker john boehner talked on the phone yesterday, but they agreed not to characterize their conversation. so it's unclear how much progress they made. from the outside, it does seem they've moved a bit closer with boehner now agreeing to raise tax collection from the wealthy, though not by raising tax rates. >> we've got to cut spending and i believe to put revenues on the table. the revenues we're putting on the table will come from, guess who, the rich! there are ways to limit deductions, close loopholes, and have the same people pay more of their money to the federal government without raising tax rates which we believe will harm our economy. >> the president lobbied big business leaders yesterday with an appearance at the business round table. his aides say
house republicans say there will be no deal if tax ritz go up and the obama administration says it's ready to go thelma and louise style over the cliff on january 1. if that's the case, wendell goler live at the white house with what we know is going on behind the scenes. anything happening? >> steve, the president and house speaker john boehner talked on the phone yesterday, but they agreed not to characterize their conversation. so it's unclear how much progress they made. from the...
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there's still no sign of progress or future talks with 26 days remaining until massive tax increases and spending cuts begin. >>> a naked protest at san francisco city hall. the nudists are protesting an ordinance that would force them to cover up in public, starting next year. the activists say the law would violate their civil rights as nudists, the ordinance was sponsored by a local supervisor who says his constituents were tired of seeing a group of naked men every day. >>> a $4.1 million modernization project at los angeles international airport wouldn't be complete without a caviar bar, along with 18 new state of the art boarding gates, the airport is adding 50 premiere luxury and dining outlets. the airport is adding a caviar and champagne bar. >> really? >> why, you ask? one of the chief developers explains the way you capture the flavor of a city is through its food. hello! >> top 1%. >>> if you're away from your television right now, running around the house, getting ready for work, come on over. take 30 seconds. nasa just released these stunning pictures of earth at night.
there's still no sign of progress or future talks with 26 days remaining until massive tax increases and spending cuts begin. >>> a naked protest at san francisco city hall. the nudists are protesting an ordinance that would force them to cover up in public, starting next year. the activists say the law would violate their civil rights as nudists, the ordinance was sponsored by a local supervisor who says his constituents were tired of seeing a group of naked men every day....